Chess Financial News

The chess World Cup final had been decided a couple of hours earlier but the excitement in Viswanathan Anand’s voice was still palpable. It was despite his protégé Rameshbabu Praggnanandhaa having lost the final to world No. 1 Magnus Carlsen. Anand spoke with BORIA MAJUMDAR about what this achievement means, how it can help Indian chess going forward, and Praggnanandhaa. Excerpts:Finally, India has someone after you who made it to the World Cup final and created history. This is among the best achievements of Indian chess. And as someone who started it all, you must be proud. It is a huge achievement.

Sethuraman of Petroleum Sports Promotion Board emerged champion in the 60th National Chess Championship here on Saturday, after settling for a draw in the ninth and final round to finish with 9.5 points. Sethuraman drew his 11th and final game against Mitrabha Guha (West Bengal) as the top players chose to play it safe in the concluding round. Sethuraman remained unbeaten through the 11 rounds, recording eight wins and three draws.

Chess World Cup, India has had an incredible week, and now Olympic gold medalist Neeraj Chopra has given yet another reason to rejoice by qualifying for the 2024 Paris Olympics on Friday. Chopra gave a sterling performance to seal his spot in the men's javelin throw final at the World Athletics Championships in Budapest, Hungary, being held from August 19 to 27. Placed in the Group A Qualifier, Chopra recorded a massive throw of 88.77m in his first attempt, breaching the qualifying mark of 83.00m. With this, the star player also bagged the ticket to play at the Paris Olympics in 2024. Following his performance on the field, Chopra interacted with the media, where the athlete was asked whether he feels inspired by India’s recent Chandrayaan-3 moon landing mission? Chopra answered this by simply saying, «Yes. All Indians are proud of ISRO.»

two consecutive draws in the classical format, compelling the finalists to resolve the winner through rapid and blitz games. The tie-breaker will kick off with the rapid format, where both Praggnanandhaa and Carlsen will have 25 minutes each, with an additional 10 seconds per move, commencing from the very first move. Should this round fail to produce a winner, the intensity will rise as the contenders dive into two more games, but this time with a reduced time control of 10 minutes per player.

ALSO READ: Meet R Praggnanandhaa, Indian chess prodigy to take on No 1 Magnus Carlsen in FIDE World Cup final today Taking to X, the International Chess Federation wrote, "Magnus Carlsen takes a quiet draw with white against Praggnanandhaa and sends the final to tiebreaks. The winner of the #FIDEWorldCup will be decided tomorrow!" Earlier, Praggnanandhaa defeated World No. 3 Fabiano Caruana and stormed into the final of the FIDE World Cup.

R Nagalakshmi looked at her son Grandmaster Praggnanandhaa. Standing in a corner of a room with a glint in her eyes and a disarming smile, the proud mother looked at her son as he gave media interviews. The precious picture has become most of the favourite pictures on the Internet and has been doing the rounds on social media. Praggnanandhaa is enjoying his dream run at the final of the FIDE World Cup in Baku, Azerbaijan. He recently became the first Indian, since five-time world champion Viswanathan Anand in 2002, to make it to the final of the FIDE World Cup. After defeating World No 3 Fabiano Caruana in tiebreaks on Monday, the teen sensation reached the final and will now compete against five-time world champion Magnus Carlsen of Norway. Legendary chess champion Garry Kasparov took to X (formerly known as Twitter) to laud the 18-year-old's feats and his mother's efforts. The former world champion remembered the good old days when his mother used to accompany him to every event.

ALSO READ: 'Watching, praying, cheering', Anand Mahindra roots for Chandrayaan-3's success While another user wrote, "Proud moment for Bharat as 18 year old Praggnanandha storms into the finals of World chess championship for a final clash with Magnus Carlsen," adding, "Congratulations Champ & All the Best for Finals

ANI, Praggnanandhaa’s coach RB Ramesh has expressed his immense pride in the Indian grandmaster’s exceptional performance in the global tournament. Ramesh said that he is optimistic about Praggnanandhaa’s chances in the final, the report said.

Rahul Gandhi congratulated Indian Grandmaster for reaching the final of the FIDE World Cup and extended his best wishes for the title match against Magnus Carlsen. "Congratulations to R Praggnanandhaa for an outstanding FIDE Chess World Cup journey to the Finals.

Praggnanandhaa stunned world No.3 Fabiano Caruana 3.5-2.5 via the tie-break in the semifinals of the FIDE World Cup chess tournament here on Monday. After the two-game classical series ended 1-1, the 18-year-old Indian prodigy outlasted the highly-rated American GM in a battle of wits in a nerve-wracking tie-breaker. This thrilling encounter of mental prowess saw Praggnanandhaa triumph over his opponent. «I didn't expect to play Magnus in this tournament at all because the only way I could play him was in the final, and I didn't expect to be in the final… I will just try to give my best and see how it goes,» said Praggnanandhaa after the match. Praggnanandhaa will now take on Norway's Magnus Carlsen in the final. Earlier, Praggnanandhaa beat compatriot Arjun Erigaisi 5-4 in a sudden death tie-break to book a place for himself in the semifinals on Thursday. The Chennai lad is going to be the only other Indian other than five-time world champion Viswanathan Anand to compete in the Candidates. Praggnanandhaa had orchestrated one of the biggest upsets of the FIDE World Cup after he eliminated American grandmaster Hikaru Nakamura in the tiebreakers. «Pragg goes through to the final! He beats Fabiano Caruana in the tiebreak and will face Magnus Carlsen now.

Indian Grandmaster R Praggnanandhaa stunned world No.3 Fabiano Caruana 3.5-2.5 via the tie-break in the semifinals of the FIDE World Cup chess tournament here on Monday. After the two-game classical series ended 1-1, the 18-year-old Indian prodigy outlasted the highly-rated American GM in a battle of wits in a nerve-wracking tie-breaker.

transgender women from official women's events. The Switzerland-based federation FIDE said the decision, set to take place Monday, would stay in effect until the federation does an assessment of the issue. Critics, including advocacy groups and some European players and federations, have derided what they call an unnecessary and discriminatory policy that appears to foster «trans panic,» with one former British women's champion calling for the world federation to reverse its decision.

ASX chief executive Helen Lofthouse said the looming peak in interest rates and softening inflation should lure more traders back to the sharemarket, pushing back on concerns the outlook for revenue growth remains challenged.

A conflict of interest policy that the ASX belatedly strengthened at the request of the Reserve Bank and the corporate regulator has been found to be insufficient, with a review recommending 13 additional safeguards be put in place to ensure the exchange meets its legal obligations.

Mahsa Amini, an Iranian Chess player Sarasadat Khademalsharieh, better known as Sara Khadem received her citizenship from Spain. The Moral Police with the backing of the Iranian authorities were seen abck on streets, 10 months after the death of a woman in their custody sparked nationwide protests. Khadem had moved to Spain in January, 2023, after she competed without a hijab and had an arrest warrant issued against her.

India's 83rd chess Grandmaster. The 17-year old Samant, an International Master, became a GM when he started his ninth round game against compatriot Aryan Chopra at the BielChess MTO 2023 tournament.

Chess,the ultimate game of strategy and the game of royalty, is one of the most popular games in the world. According to the United Nations, 70% of the adult population in the US, the UK, Germany, Russia, and India has played chess at some point in their lives and about 605 million people play chess regularly. The game is so complex that on one hand, it is said mathematically there are more possible moves of chess than atoms in the observable universe and on the other, it is still possible to checkmate your opponent in just two moves.

On this International Chess Day, let’s explore the unique investment strategies that can be drawn from the timeless game of chess:

Also read: Novak Djokovic receives heavy fine for smashing racquet during Wimbledon 2023 final On December 12, 2019, the General Assembly proclaimed 20 July as World Chess Day, marking the establishment of the International Chess Federation (FIDE) in Paris in 1924. Since 1966, chess players worldwide have been observing 20 July as International Chess Day under the initiative of FIDE.

There is a wide array of chess strategy books on the market, so it can be overwhelming to get started on your reading journey. Here are our picks for 6 of the best chess books on Amazon to train your brain. Take a look and get started with your reading journey.

Dronavalli Harika, for the Asian Games scheduled to commence in Hangzhou on September 23. Vidit Gujrathi and young Arjun Erigaisi in men's and Humpy and Harika in women's section will compete in the individual categories. The men's team comprises Grandmasters D Gukesh, Gujrathi, Erigaisi, P Harikrishna and R Praggnanandhaa.